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Looking at a 30-minute SP-500 chart (see attached), I was one bar off from my 2:30 p.m. impulse prediction for the S&P and one bar off of a QQQQ and NDX impulse prediction. The Yen ETF - FXY - gapped up yesterday and finished the day at its highest closing price of the year.
Let's see what happens to the Dollar Index (DXY) and Oil (USO) today.
From: plieber@xxxxxxxxxxxxxx
To: realtraders@xxxxxxxxxxxxxxx
Subject: Just for the Heck of It
Date: Tue, 25 Nov 2008 23:58:37 -0500
I applied cycle analysis to an SP-500 - 60-minute chart and got a few hits for 2:30 p.m. on Monday. December 1. By the way I'm getting hits for this Friday (11/28) for the QQQQ and the NASDAQ-100 (NDX), though not for NASDAQ Composite. Though I'm not getting any daily hits for the SP-500 & DJIA, I applied cycle analysis to thier UltraLong ETF's (SSO and DDM). I reasoned because they are more volatile that they they tend to magnify smaller cycles in the underlying index. Sure enough they both yielded the same impulse day - 12/11.
Also, look for big happenings for the currencies, silver, and oil for next week. Here are the following impulse dates for these ETF's:
US Dollar Index (DXY)- 12/02
Yen (FXY) - 12/01
Oil (USO) - 12/2
Silver (SLV) - 12/4
Note: I get a hit for the Gold Miners ETF (XAU) for the 12/1, but for Gold itself (GLD) not until 12/12.
Pete
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Attachment:
SP-500 30-minute 120108.gif
Description: GIF image
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